Corporate Result: PAEL earnings declined by 23% in 1st Quarter

0
289
Corporate Result: PAEL earnings declined by 23% in 1st Quarter

Pak Elektron Limited (PSX:PAEL) announced the earnings of Rs. 0.82 (23% decreased) in the 1st Quarter. PAEL announced Profit After Tax of Rs. 416.289 Mn showing a decline of 22% Year on Year basis.

The company earnings declined due to the high cost of sales.  The increased Finance cost of Rs. 574.874 Mn (38% increased) mainly contributed to the company earnings.

Furthermore, the Net Sales of the company have marginally improved by 4% to Rs. 6.61 Bn. While the Distribution cost and the Other Operating Expense of the company have declined.

Financial Details:

EPS 2019 = 0.82 PKR
EPS 2018 = 1.06 PKR

Cash Dividend = NIL
Bonus Share = NIL
PAT: Rs. 416.289 Mn

LEAVE A REPLY

Please enter your comment!
Please enter your name here